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Opinion: Trump's tax hike is the biggest macro risk this year The author points out that Trump is very determined to significantly and generally increase tariffs, and this is only the first step. Trump does not seem to be afraid of economic and market fluctuations, and the financial markets that rely heavily on technology stocks may fall into chaos. Read more

In a surprise move, $XRP , the fourth-largest cryptocurrency by market capitalization, has broken through the $3 barrier, sparking widespread excitement among investors and traders. But can this rally last, or is it just a fleeting moment of euphoria? Background: $XRP has been on a tear in recent weeks, driven by a combination of factors, including increased adoption, improved sentiment, and a weakening US dollar. The token's price has risen by over 50% in the past month alone, with many analysts predicting further gains. Technical Analysis: From a technical analysis perspective, $XRP's breakout above $3 is a significant development. The token's chart is showing a clear uptrend, with a series of higher highs and higher lows. The Relative Strength Index (RSI) is also indicating a bullish trend, with a reading of 80. However, some analysts are warning that $XRP's rally may be overextended, with the token's price rising too far, too fast. The token's 14-day RSI is also approaching overbought territory, which could indicate a potential pullback. Fundamental Analysis: From a fundamental analysis perspective, $XRP's rally is being driven by a combination of factors, including increased adoption, improved sentiment, and a weakening US dollar. One of the key drivers of $XRP's adoption is its use in cross-border payments. The token's fast transaction times and low fees make it an attractive option for individuals and businesses looking to send money across borders. Another factor driving $XRP's rally is the growing recognition of its potential as a store of value. As investors become increasingly wary of traditional assets, such as stocks and bonds, they are turning to alternative assets, such as cryptocurrencies, as a hedge against inflation and market volatility. So, can $XRP's rally last? While it's impossible to predict with certainty, there are several factors that suggest the token's price could continue to rise. Firstly, $XRP's adoption is increasing, driven by its use in cross-border payments and its growing recognition as a store of value. Secondly, the token's technical analysis is bullish, with a clear uptrend and a series of higher highs and higher lows. Finally, the macroeconomic environment is favorable, with a weakening US dollar and growing recognition of the potential of cryptocurrencies as a hedge against inflation and market volatility. However, there are also several factors that suggest $XRP's rally may be overextended. The token's price has risen too far, too fast, and its 14-day RSI is approaching overbought territory. In conclusion, while $XRP's rally is impressive, it's impossible to predict with certainty whether it will last. However, there are several factors that suggest the token's price could continue to rise, including its increasing adoption, bullish technical analysis, and favorable macroeconomic environment. As always, investors and traders should exercise caution and do their own research before making any investment decisions.

According to the Spanish newspaper El País, the El Salvador Congress recently passed a reformed Bitcoin Act, officially canceling Bitcoin's status as legal tender. The decision was made under pressure from the IMF to meet the conditions for obtaining a $1.4 billion loan. Under the new regulations, the use of Bitcoin becomes voluntary, merchants and institutions are no longer forced to accept it, and it cannot be used to pay taxes. Although President Nayib Bukele has promoted Bitcoin as an economic breakthrough, polls show that the vast majority of people have not benefited and the economic situation has not improved.

In the past 24 hours, the entire network has liquidated more than 400 million US dollars, mainly long orders Coinglass data shows that in the past 24 hours, the entire network had a liquidation of US$409 million, of which long positions were liquidated for US$364 million and s…

Berachain Foundation announces that Boyco Market will close at 7:59 on February 3 The Berachain Foundation announced that the Boyco market will close at 7:59 on February 3. Boyco is a pre-release liquidity platform where users can pre-deposit liquidity in Berachain's DeFi prot…